Axar.az
UP

Global mobile payments to reach $620 billions

Home page Technology
12 Punto 14 Punto 16 Punto 18 Punto

With major smartphone brands Apple and Samsung making a big entrance into the mobile payment business, the total revenue of the worldwide mobile payment market in 2015 reached US$450 billion, according to the global market research firm TrendForce.

By the end of 2016, the total revenue is estimated to arrive at US$620 billion, representing a massive growth of 37.8% year on year.

Apple Pay and Samsung Pay especially have been scrambling to China, which makes up a huge slice of the mobile payment market. The rival service providers both struck a deal with the government-run Chinese bank-card payment processor China UnionPay earlier this year. Hence, Chinese iPhone and Samsung phone users will be able to make mobile payments this year, provided that their models are of the latest generation with upgraded software.

Date
2016.02.09 / 11:34
Author
Axar.az
Comments
See also

A humanoid robot and a foldable phone from the same company

SpaceX will launch top secret US spy satellites

Intel, Amazon, and SpaceX asked to tuck into DARPA's Space

FCC cancels Starlink’s $886 million grant

WhatsApp: Mark Zuckerberg reveals new privacy features

Elon Musk accuses Twitter of fraud

Elon Musk’s countersuit accuses Twitter of fraud

Russia use its spy satellite first over Ukraine

Xiaomi presented smart glasses that shoot video

Twitter to hold a vote on Musk merger on Sept. 13

Latest
Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla
ArxivBağla